Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

Homeowner’s Insurance vs. Natural Disaster Insurance

Written by Ilyce Glink on July 23, 2012 in Insurance  |   3 comments

Flooding causes billions of dollars in damage annually—last year it was nearly $8.5 billion—yet only 14 percent of homeowners have flood insurance, according to the Insurance Information Institute. Flood damage can happen suddenly, whether it’s from a hurricane, a heavy storm, or rising river water. Last…

homeowners insurance flooding Flooding causes billions of dollars in damage annually—last year it was nearly $8.5 billion—yet only 14 percent of homeowners have flood insurance, according to the Insurance Information Institute.

Flood damage can happen suddenly, whether it’s from a hurricane, a heavy storm, or rising river water. Last month, torrential rains flooded parts of Minnesota and Wisconsin, forcing people from their homes and causing millions in damage, even as most of the country baked in the heat. In Illinois last year, about seven inches of rain fell in just 11 hours, flooding basements overnight in the middle of hot and sunny July.

Although many homes were not at risk, there were still thousands of homeowners who had to replace everything in their basements—from couches to water heaters—as they were cleaning up water and mold damage.

When you’re talking about damage from storm surges, floods, and downpours, what is covered under the water damage clause of your homeowner’s insurance policy and what isn’t? It all depends on how the water entered your home.

Determining insurance coverage of water damage

The basic rule is as follows: If it comes from the ground up, it’s a flood and not covered by homeowner’s insurance. If it comes from the sky down, you’re most likely covered.

For example, if, during a torrential storm, water came through your roof and damaged your home, you would be covered under the water damage portion of your homeowner’s policy. However, during that same torrential storm, if water flooded into your basement or swelled up from a drain, you would not be covered.

What about a hurricane? Most homeowner’s insurance will cover you in the case of a hurricane, but only for wind damage. The flooding or storm surge that accompanies a hurricane is only covered by flood insurance. And about 4 million homes are at risk for storm surge, an offshore rise of water associated with hurricanes and storms, according to CoreLogic.

“When a storm strikes the coast, storm-surge flooding can inundate homes far inland and cause significant losses from powerful surge waters, damaging debris, and standing water left behind,” said Howard Botts, vice president and director of database development for CoreLogic, in a press release.

In fact, 25 percent of all flood insurance claims come from areas with low-to-moderate flood risk, according to FEMA, which handles the National Flood Insurance Program. The good news is that if you live in an area of low-to-moderate flood risk, you can get insurance for as little as $129 annually from NFIP.

NFIP’s flood insurance policies cover direct physical losses caused by flood, as well as losses resulting from flood-related erosion caused by heavy or prolonged rain, coastal storm surge, snow melt, blocked storm drainage systems, levee or dam failure, or other similar causes.

“Everyone should have flood insurance,” said Loretta Worters, spokeswoman for the Insurance Information Institute. “It’s so inexpensive in most parts of the country because it’s so minimal.”

Ilyce R. Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com and at the Home Equity blog for CBS MoneyWatch.

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.


  1. screwed and not liking it says:

    That’s not always true!! For several years after I bought my home I was considered in a low risk flood zone being my property abutted a city park that has a small creek going thru the middle of it. This year I was informed by my insurance company that my low risk flood zone has been changed by FEMA to a High risk flood zone increasing my flood insurance bill from $333.00 to over $1,700 a year!! Don’t always rely on FEMA to zone your house in the proper type zone (it then takes a lot of money and time to correct their screw up), then again they probably change it to increase the amount of money they take in for their insurance payment from suckers like me!!

  2. Kalal0kibad says:

    The initial water damage from a flood is just the first step in what could become an even larger disaster. With every second that water is left on the property mold is gaining a stronger foothold. Floors and walls can only take so much saturation, and it won’t be long before they are deemed too unstable to continue to support the building. You must act quickly while water damage recovery is still an option.

    • EFX Moderator, EM says:

      That’s a great point. It’s important to act quickly so the damage doesn’t get any worse. Thanks for sharing.

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.

Insurance Archive